Daily Technical Analysis by FXCC 08Dec2011

Daily Technical Analysis by FXCC 08Dec2011

Euro vs. US Dollar (EURUSD): We see high chances of the pair move in a range between (1.35310
– 1.3370). A proper move above (1.35310) confirms a probable rally towards (1.36742). However, if
EURUSD manage to close below (1.3370) will support a call for bid tone. We prefer to wait for break
of upper or lower barrier.

http://farm8.staticflickr.com/7022/6...0c2d73d861.jpg

R1: 1.35155| R2: 1.35685| R3: 1.36195| R4: 1.36742| R5: 1.37235
S1: 1.34170| S2: 1.33731| S3: 1.33198| S4: 1.32725| S5: 1.32121

Great Britain Pound vs. US Dollar (GBPUSD): We see high chances of the pair move in a range
between (1.57336 – 1.55844). A proper move above (1.57336) confirms a probable rally towards
(1.60670). However, if GBPUSD manage to close below (1.55844) will support a call for bid tone.
You may try to buy from lower border and/or sell from upper border.

http://farm8.staticflickr.com/7020/6...2815a2d542.jpg

R1: 1.57799| R2: 1.58872| R3: 1.60170| R4: 1.60670| R5: 1.61170
S1: 1.56562| S2: 1.55944| S3: 1.55259| S4: 1.54690| S5: 1.54160

US Dollar vs. Japanese Yen USDJPY (USDJPY): We see high chances of the pair move up gradually
towards (78.327 – 78.627). A proper confirmation would occur if the USDJPY will manage to
overcome the (78.027) resistance over today`s trading session. Look for long positions for current
trading session.

http://farm8.staticflickr.com/7013/6...bc6817ecb4.jpg

R1: 78.027| R2: 78.327| R3: 78.627| R4: 78.927| R5: 79.227
S1: 77.359| S2: 77.059| S3: 76.759| S4: 76.459| S5: 76.159


Source: FX Central Clearing Ltd. (FXCC)
http://www.fxcc.com/tech-analysis